Charles Schwab Investment Management Inc. Has $32.71 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Charles Schwab Investment Management Inc. grew its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,295,413 shares of the company’s stock after buying an additional 60,948 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.53% of Clearwater Analytics worth $32,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CWAN. Intech Investment Management LLC bought a new stake in Clearwater Analytics during the third quarter worth $717,000. Advisors Asset Management Inc. raised its position in Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after acquiring an additional 995 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Clearwater Analytics during the third quarter worth $3,677,000. Pathstone Holdings LLC raised its position in Clearwater Analytics by 6.1% during the third quarter. Pathstone Holdings LLC now owns 94,970 shares of the company’s stock worth $2,398,000 after acquiring an additional 5,432 shares in the last quarter. Finally, Lindenwold Advisors INC bought a new stake in Clearwater Analytics during the third quarter worth $239,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup began coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 price target on the stock. Oppenheimer upped their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.67.

Clearwater Analytics Trading Down 4.7 %

CWAN stock opened at $29.63 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company’s 50-day simple moving average is $27.99 and its 200 day simple moving average is $23.63. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a market capitalization of $7.32 billion, a PE ratio of 2,965.97, a price-to-earnings-growth ratio of 11.10 and a beta of 0.69.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total transaction of $92,387.50. Following the sale, the executive now owns 4,844 shares in the company, valued at $115,045. The trade was a 44.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,770 shares of company stock worth $1,826,606. Corporate insiders own 4.60% of the company’s stock.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.